FIRS clarifies tax rules, says BVN, NIN enough for banking

The Federal Inland Revenue Service (FIRS) has debunked reports suggesting that Nigerians without a Tax Identification Number (TIN) cannot open or operate bank accounts, describing such claims as misleading. According to Ireporter Online, Arabinrin Aderonke Atoyebi, Technical Assistant on Broadcast Media to the FIRS Executive Chairman, Zacch Adedeji, clarified that the nation’s tax administration framework…

Read More

CBN Launches Non-Resident BVN For Nigerians In Diaspora

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the Non-Resident Bank Verification Number (NRBVN) platform to serve Nigerians in the diaspora. Launched on Tuesday, this innovative digital gateway is expected to help the CBN achieve its target of $1 billion in monthly diaspora remittances, totaling approximately…

Read More